New Issue: Oyster Bay, N.Y., sells $153.78 million bond anticipation renewal notes

By Sheri Kasprzak

New York, Feb. 29 - The Town of Oyster Bay, N.Y., sold $153.78 million of series 2012 bond anticipation renewal notes, according to a pricing sheet.

The notes (SP-1+) were sold competitively with J.P. Morgan Securities LLC winning the bid.

The notes are due March 8, 2013, with a 2.5% coupon priced at 102.085.

Proceeds will be used to fund current expenses for the town ahead of certain bond issues.

Issuer:	Town of Oyster Bay, N.Y.
Issue:	Series 2012 bond anticipation renewal notes
Amount:	$153.78 million
Maturity:	March 8, 2013
Coupon:	2.5%
Price:	102.085
Type:	Competitive
Underwriter:	J.P. Morgan Securities LLC
Rating:	Standard & Poor's: SP-1+
Pricing date:	Feb. 29
Settlement date:	March 9

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